Weekly Recap: DeFi Partnerships and Innovations

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by Giorgi Kostiuk

2 years ago

The past week in DeFi and crypto saw significant events, including key partnerships, product launches, and regulatory changes. Below is an overview of the main news highlights.

Circle and Binance Partnership to Promote USDC

During Abu Dhabi Finance Week, Circle and Binance announced a strategic partnership to expand the adoption of the popular stablecoin USDC. Binance will integrate USDC into its trading, savings, and payment services, as well as adopt it as a core stablecoin for its corporate treasury, strengthening the global digital asset ecosystem.

Floki Launches Crypto Debit Card with Mastercard

Floki, in collaboration with Mastercard, launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card is offered in both physical and virtual formats, allowing seamless cryptocurrency spending. The virtual version is accessible globally, expanding Floki's reach.

Ripple Receives Approval for RLUSD in New York

Ripple Labs secured approval from the New York Department of Financial Services to launch the RLUSD, a US dollar-backed stablecoin. CEO Brad Garlinghouse announced that the stablecoin would soon be available on multiple exchanges. Ripple aims to challenge market leaders like USDT and USDC.

The week in DeFi was filled with events that have the potential to influence the industry's future. These partnerships and product launches illustrate the ongoing evolution of digital assets and their integration into the global economy.

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Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

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Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

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Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

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Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

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Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

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The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

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A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

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